earnings
confidence high
sentiment negative
materiality 0.70
Public Storage Q3 EPS $2.16, Core FFO $4.20; Same Store NOI down 2.5%
Public Storage
2024-Q3 EPS reported
$7.43
revenue$3,518,189,000
- Diluted EPS $2.16 vs $3.20 in Q3 2023; Core FFO per share $4.20 vs $4.33.
- Same Store revenue -1.3%, NOI -2.5% YoY; occupancy 91.4% vs 91.9%.
- Acquired 3 facilities for $24.3M in Q3; post-quarter 14 facilities for $181.2M.
- FY 2024 Core FFO guidance unchanged at $16.50-$16.85; Same Store revenue guidance narrowed.
- Board declared $3.00 common dividend payable Dec 30, 2024, record Dec 13.